Good day to you, earnest traders, thank you for dropping by this thread!

This thread is about developing the rAlgo Pivot Trading Expert Advisor (rPT-EA) on MT4, I coded the rPT-EA based on the pivot trading strategy shared by Mr. Davit. Special thanks to Davit, thank you for selflessly sharing your trading methodology.

As you know there are both advantages and disadvantages of Manual vs. Automated trading systems, so I am not going to elaborate further. Davit's system is a manual one, while I endeavor to replicate Davit's system into a fully automated EA robot for unattended trading. Davit's thread https://www.forexfactory.com/showthread.php?t=588764 If you don't know anything about this Pivot Trading system, please read Davit's thread and learn everything from there.

rPT-EA was developed in April 2018, the first release was v0.5, the latest version is v0.7, you can see that from the version number, rPT-EA is still in beta stage, as I am still testing and fine-tuning the algorithms. Even though it's still in beta development, the trading results reported by many of our FF members in this thread shows that the EA is already generating sizeable profits, this is very encouraging to us all, still you should trade at your own risk and discretion.

To get organized, I have teamed up with WindChaser to grow this project together, I will focus on EA development while WindChaser will help manage this thread, look after administrative tasks (feedback/feature requests/bug reporting etc), general support and liaison matters. Thank you WindChaser for your contribution!
(Tidbit: WindChaser and I are both IT Professionals, he is based in Singapore while I am based in Jakarta)

I invite you to not just read through the thread, but actively contribute your comments/ideas/bugs/results so we can improve the rPT-EA.

WARNING! Read this carefully:1. I am the creator of rPT-EA, the EA is FREE but it's NOT open-source.2. I added EA protection to prevent unethical traders from selling the rPT-EA, so I collecting account information via MT4 WebRequests. If I found someone selling my EA or doing something that causes damage to me or other people, I will shut down the EA for that account.3. If you are not comfortable with Point #2, you should stop using rPT-EA immediately.

rPT-EA Releases (and instructions on how to setup the rPT-EA included in the links below):20180607: v0.51 relased! --> Download v0.51 here (being deprecated...)20180711: v0.6 released with major improvements! --> Download v0.6 here (you can still test it, see #Post 554 for more info)20180718: LATEST VERSION v0.7 released! --> Download v0.7 here (see #Post 649, #Post 800 for more info)20180723: Backtest mini project starts, selected members will join the Backtest team. [UPDATE 20180729: A 5-person Backtest Team is formed and we aim to complete the backtest and share some initial results in the week of 6 Aug)20180725: Telegram group created (group members crossed 100 in 3 days!) --> https://t.me/joinchat/HYTxHhCWwJS9jra3TzKDNw
20180731: EA Installation Guide updated, comes with 20 FAQ answers! --> Link to Guide

FAQ:
1. Why did you start this thread?I believe everyone can learn and the good FF community can come together to build an awesome EA.

2. Is this a scam? It doesn’t make sense to me, if an EA is profitable, why would you want to release it for free since you have spent so much time developing it?In line with the community ethos of Forex Factory, I would like to promote the spirit of community-based development, and to cultivate Paying-It-Forward attitude amongst FF members. If you have benefited, it's your turn to share and be kind to others.

3. Will this EA be forever free?My unwavering intention is to develop the EA to be consistently profitable and stable, and the stable version will always remain free. However as an Algorithmic-Trading Programmer, I retain the rights to work on other variants of the rPT-EA, and will decide to go commercial or not.

4. What are the best pairs to trade, best TimeFrame and the best set files?For now you can forward test the rPT-EA on major pairs (on demo or CENT accounts), so far the best TF is H4, use the default settings for now.

5. Can I backtest the rPT-EA?Currently the rPT-EA is restricted to selected Backtest members who have powerful computers and 99.99% tick data quality, the backtest results will be shared to answer Question 4 above.

6. Backtesting is pointless and useless, and I suspect the results you shared are fake.We do not want to debate on whether backtesting is useful or useless, you can decide. And sure, we understand you should not trust everything you read online, so the advice is for you to download the v0.7 EA and put it on a DEMO account to forward test it. You be the judge.

7. Why the EA does not seem to work with my US brokerage account which requires FIFO trading?The rPT-EA is not compliant with US FIFO trading, so we cannot guarantee if it works/not work, you will have to figure it out. We have other pressing priorities and do not have plans to achieve FIFO compliance in the near term.

8. How can I get more support or contribute to this project?a. You can continue to post comments/idea/bugs/results here in this threadb. You can join the Telegram group to chat with other like-minded traders who are also testing the rPT-EAc. You can email rAlgo.EA@gmail.com to reach both WindChaser and I

NZDCHF at R61. I know it's too risky here. but let see the final result later. I don't know if I need additional entry filter or not if a big bull candle is come-up exactly before the SELL signal appears.

Nice system. FYI putting files into sinsin executable file may put users off from downloading. Most people are suspicious of executables. It's not difficult to install manually. You'll probably get more downloads... Just my two cents.

If you will keep that TE up and running open will be great.only like this the potential or no potential (some bad orders) on the way can be seen.and if ... IF that EA will blow up the account you can always start new TE named as next new try with new improvements added in the code.
having all old TE's up visible even all wiped accounts or bad DD (if they will be) can show clear EA performance with every new improvement step.and so you and of course others can see clear how EA gain potential with every new addition from first TE test to the last one updated.
cheers!

EURAUD earn 100 pips this morning.
and continue to open another trades since the signal is still valid. do I need to limit the trades to only 1 signal per pivot line? currently, EA (expert advisor) will open trades in the same pivot if all required condition is met. ok, let see..

Nice system. FYI putting files into sinsin executable file may put users off from downloading. Most people are suspicious of executables. It's not difficult to install manually. You'll probably get more downloads... Just my two cents.